Marubeni has been in business in Australia for over 60 years since it established its first Australian company “Marubeni-Iida Australia (now Marubeni Australia)”, a joint company with McGregor in 1957. Marubeni has 19 operating companies throughout Australia including Sydney, Melbourne and Perth.
Marubeni invests and participates in various projects around Australia including the Roy Hill Iron Ore Project (with annual production capacity of 60 million tons), Marubeni Resources Development (coking coal total production by Marubeni equity portion: Approximately 6 million tons per year), Marubeni Aluminium Australia (aluminium smelter business) as well as PPP infrastructure projects such as the Gold Coast Light Rail Project and Sydney Metro public transport projects. Marubeni is also engaged in gas supply and distribution businesses and its assets include Energy Infrastructure Investment (EII), AllGas Distribution Network.
In 2020, Marubeni invested in Royal Adelaide Hospital (its first investment in an Australian hospital), followed by investment in the LNG export terminal project in Queensland and Sydney Airport in 2022.
Marubeni is engaged in a wide range of projects throughout Australia including the Rangers Valley project with a 40,000-head capacity feedlot and a plantation business, WA Plantation Resources (WAPRES), while accelerating its investment in decarbonisation businesses such as hydrogen/ammonia projects in partnership with Australian companies in recent years.
Key Milestones
- 1956 – Marubeni-Iida Australia (now Marubeni Australia Ltd) was jointly established with McGregor, a wool merchant company regarded to be the best in the world at the time.
- 1961 – Began iron ore mining development survey.
- 1962 – Mt Tom Price iron ore deposit was discovered in Hamersley, WA.
- 1967 – Dampier Salt Ltd (DSL) was established.
- 1971 – DSL began operation and made first shipment to Japan in 1972.
- 1988 – Purchased Rangers Valley Cattle Station Pty Ltd to set up a growing beef export business as Japan was about to begin a major phase of liberalisation of its beef import in April 1991.
- 2003 – WA Plantation Resources (WAPRES) received the Prime Minister’s Awards For Excellence in Community Business Partnerships 2003.
Links:
The content of these webpages has been prepared by the respective member companies of the AJBCC and JABCC. Any comments, opinions or beliefs expressed in the pages are those of the relevant organisation alone. They do not represent the views of the Committee (or any of its officeholders or other members), and we do not assume any liability for them. If you have any concerns please contact us on contact_us@ajbcc.com.au
Receive the latest news and reports from the AJBCC Subscribe Now